HUMBL Inc (OTCMKTS:HMBL) Stock Sees Relief Rally: Is it Sustainable?

Earlier on in the year, the HUMBL Inc (OTCMKTS:HMBL) stock had been one of the more popular penny stocks for many investors and over the course of the past six months, it has managed to deliver gains of as much as 80%. However, it has not been an entirely smooth sailing.

The stock had actually declined quite sharply last week but eventually made a recover this past Friday and managed to record gains of as much as 15%. However, it should be remembered that last week the company had also made a major announcement that might have tipped the sentiments of investors.

On August 17, HUMBL announced that Robert Cornish was appointed as the new Senior Advisor for Technology. It is a key appointment for the company and one that could prove to be a major boost in the long term. In this context, it should be noted that the Cornish is a highly experienced tech executive and had earlier served as the Chief Technology Officer at Gemini.

At Gemini, he was responsible for the entirety of the technology division at the company and he is going to bring that expertise to HUMBL now. Investors could consider keeping an eye on the stock today.